Post Utme Bsu 2021 Economics Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Bsu Economics examination.

Post Utme Bsu 2021 Economics Objective / Multiple Choice
Question 19 POST_UTME_BSU • 2021 • ECONOMICS • objective

A country's balance of payments is given by the equation BOP = X - M, where X is the value of exports and M is the value of imports. If the value of exports is 100 billion naira and the value of imports is 80 billion naira, what is the balance of payments?

Answer Options

A. 10 billion naira
Correct Answer B. 20 billion naira
C. 30 billion naira
D. 40 billion naira
Correct Answer
B
Correct Option:
20 billion naira

About This Question

This is Post Utme Bsu 2021 Economics Question 19. It is one of the objective questions from the 2021 Post Utme Bsu Economics examination.

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